ICOM Part 2 English Medium Principles of Accounting Chapter 1 MCQ's Test

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12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 1 (Accounts from Incomplete Records)

Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test

Try the Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test.

  • Total Questions15

  • Time Allowed20

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Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
0 Principles of Accounting Icom Part 2 English Medium Chapter 9 Online Test 31 Download PDF MCQ Answers Launch Test
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Principles of Accounting Icom Part 2 English Medium Chapter 1 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 In single entry it is not possible to prepare Trial balance Trading account Profit and loss account Balance sheet
2 If the cash sales are missing they are to be ascertained by the construction of. Debtors account Creditors account Cash account None of these
3 Single entry system is suitable where, Small amount of cash transactions are more Large amount of cash transaction are more Smallamount of cash transaction are more Largeamount of cash transaction are more
4 The opening and closing balance of bills Receivable can be calculated by preparing the. Total debtors accounts Total creditors account Bills Recivable accounts Salaes accounts
5 Under single entry system sometimes, Double aspects of a transaction are recorded Single aspect of a transaction is recorded No aspect of a transaction is recorded All of the above
6 Closing capital in single entry system is calculated by preparing, Opening statement of affairs Closing statement of affairs Opening balance sheet Closing balance sheet
7 How many mathods are available to calculate the profit or loss under single entery system. One Two Three Four
8 The Closing Capital is worked out by preparing the. Opening statement of affair Closing statement of affiar Cash book Balance sheet
9 The closing balance of trade debtors can be located from. Total debtors account Balance sheet Bils receivable account Cash book
10 Net worth is equal to, Assets - Liabilities Liabilities - Assets Liabilities + Capital Capital + Assets
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